KUALA LUMPUR (Dec 13): DRB-Hicom Bhd, via its unit Rebak Island Marina Bhd, intends to launch a world-class luxury holiday concept property development project on Pulau Rebak in Langkawi for domestic and foreign markets.

PETALING JAYA (Dec 13): I-Bhd has inked an agreement with Everbright International China to co-develop the remaining 30 acres of land in i-City, Shah Alam.

Everbright will hold a 70% stake in the deal, while I-Bhd will hold the remaining 30%.

JOHOR BAHRU (Dec 13): Iskandar Malaysia celebrated its fifth anniversary last Sunday with the signing of 12 new agreements, committing an additional RM1.73 billion worth of investment, both foreign and local.

KUALA LUMPUR (Dec 13): It remains to see whether investors will warm up to recent proposals by Malaysian Real Estate Investment Trusts (REITs) to embark on rights issues for fundraising.

KUALA LUMPUR (Dec 13): United Malayan Land (UM Land) continues to create more value for its large landbank in Iskandar Malaysia, Johor.

After last month's purchase of a large tract of land at a low price, UM Land is embarking on a joint venture with Singapore-based Raffles Campus Pte Ltd to build an international school in its Seri Alam township.

Gamuda Bhd (Dec 12, RM3.13)
Downgrade to market perform with fair value RM3.02 from RM3.41: We expect Gamuda 1QFY12 results to meet our expectations but miss the market consensus.

S P Setia Bhd (Dec 12, RM3.86)

A totally green approach

Having his company’s proposed listing on Bursa Malaysia put on hold because of “uncertain market conditions” is not something which fazes Paul Ow, director of property development and construction outfit Gabungan AQRS Bhd.

Faced with rising residential property prices in the Klang Valley, price-conscious folk are turning their attention to the auction market as an alternative to the secondary market.